First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp grew its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 28.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,864 shares of the company’s stock after purchasing an additional 71,345 shares during the period. Stifel Financial Corp’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $6,062,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 7.6% during the 2nd quarter. Western Wealth Management LLC now owns 44,782 shares of the company’s stock worth $823,000 after acquiring an additional 3,144 shares in the last quarter. Financial Advocates Investment Management lifted its position in First Trust Institutional Preferred Securities and Income ETF by 5.7% during the 2nd quarter. Financial Advocates Investment Management now owns 117,348 shares of the company’s stock worth $2,156,000 after acquiring an additional 6,319 shares in the last quarter. Smith Chas P & Associates PA Cpas lifted its position in First Trust Institutional Preferred Securities and Income ETF by 0.7% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 2,117,629 shares of the company’s stock worth $38,901,000 after acquiring an additional 13,776 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 74,385 shares of the company’s stock worth $1,366,000 after acquiring an additional 875 shares in the last quarter. Finally, Key Financial Inc lifted its position in First Trust Institutional Preferred Securities and Income ETF by 1.3% during the 2nd quarter. Key Financial Inc now owns 893,857 shares of the company’s stock worth $16,420,000 after acquiring an additional 11,282 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.82 on Friday. The stock’s 50 day moving average price is $18.86 and its 200 day moving average price is $18.69. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.68 and a one year high of $19.11.

First Trust Institutional Preferred Securities and Income ETF Profile

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities.